enable bolder climate actions that boost economies and strengthen societies everywhere. At COP29 [meeting of the 29th Conference of the Parties to the United Nations Framework Convention on Climate Change] in Baku all govern- ments must agree a new goal for inter- national climate finance that truly responds to the needs of developing countries. COP29 must be the stand-and-deliver COP, recognising that climate finance is core business to save the global economy and billions of lives and liveli- hoods from rampaging climate impacts. It’s … clear public finance [that] must be at the core. As much of this finance as possible needs to be grant or conces- sional, and must be made more accessible to those who need it most. And we must make climate cash count, wherever possible leverag- ing more private finance and sending signals to financial markets that green
is where the gains are … It’s also important we put in place mechanisms to track and ensure that promised funds are delivered. More work also has to be done to rap- idly ramp up funding for adaptation and get international carbon markets work- ing for everyone. We must fund a new generation of national climate plans. To protect the progress we made at COP28, and convert the pledges … – to triple renewable energy, double energy efficiency, boost adaptation and tran- sition away from fossil fuels – into real-world, real-economy results. And we must get the Loss and Damage Fund working fully, dispersing money to those who need it most. This is a moment of profound fracture between nations and within them. In times like these, there is a temptation to turn inward. A delusional belief that what happens in my neighbor’s back- yard is not my problem or my concern. If we go down this path, it will soon be
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game-over in the world’s climate fight. So let’s instead choose the game- changer path ahead – the one that recognises that bigger and better climate finance is entirely in every nation’s interests, and can deliver results everywhere. Let’s choose the path that focuses on solutions, and ensuring the massive benefits of bolder climate action – stronger growth, more jobs, better health, secure and affordable clean energy – are within all nations’ reach. That is the only pathway to every nation surviving and thriving. Brookings Institution’s Global Economy and Development Programme, 17 Octo- ber 2024
Æ SIMON STIELL ÎÞâäãÎéÞÚááìÖèÖååäÞãéÚÙÚíÚØêéÞëÚèÚØçÚéÖçîäÛéÝÚÐãÞéÚÙÉÖéÞäãèÁçÖâÚìäçà¾äãëÚãéÞäãäã¾áÞâÖéÚ¾ÝÖãÜÚÞã ËçÚëÞäêèáîÝÚèÚçëÚÙ ÖèéÝÚâÞãÞèéÚçÛäçØáÞâÖéÚçÚèÞáÞÚãØÚÖãÙéÝÚÚãëÞçäãâÚãéÞãéÝÚÂäëÚçãâÚãéäÛÂçÚãÖÙÖÛçäâ éÝçäêÜÝ ÖãÙÚÖçáÞÚçâÞãÞèéÚçÛäç ÚÙêØÖéÞäãÖãÙÝêâÖãçÚèäêçØÚÙÚëÚáäåâÚãéâÞãÞèéÚçäÛèéÖéÚçÚèåäãèÞ×áÚÛäçÝêâÖãçÚèäêçØÚÙÚëÚáäåâÚãéÖãÙéÝÚÚãëÞçäãâÚãéÖãÙåÖç - áÞÖâÚãéÖçîèÚØçÚéÖçîÞãéÝÚÈÞãÞèéçîäÛ¼ÜçÞØêáéêçÚÇÖãÙèÁäçÚèéçîÖãÙÁÞèÝÚçÞÚè½ÚÛäçÚßäÞãÞãÜéÝÚÜäëÚçãâÚãéÝÚÝÚáÙèÚãÞäçÚíÚØêéÞëÚ åäèÞéÞäãèÞãéÝÚéÚØÝãäáäÜîèÚØéäç
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